323a

The Authority may invest in its subsidiaries, to be devoted to the development and operation of their programs, such part of all the capital and resources held by the Authority as it deems necessary. All real estate and property rights which pass to the ownership of the subsidiary corporations and which appear recorded in the registries of Puerto Rico in the name of the Authority shall be recorded in the name of the subsidiary corporations determined by the Authority with no further requirement than the mandate of §§ 241 et seq. of this title and upon resolution of the Board, certified by the Secretary of the Authority and attested by a notary public. History —Apr. 12, 1941, No. 26, p. 388, added as § 35B on June 30, 1955, No. 106, p. 622, § 8; June 27, 1958, No. 131, p. 315, § 9.